Haley: No 2012 VP run

South Carolina Gov. Nikki Haley won't consider the second spot on the Republican ticket in the 2012 elections.

"I find it silly that it's being talked about but I will tell you this, the people of South Carolina took a chance on electing me and it is my job and my family's job to prove to them that they made the a good decision," she said on ABC's "This Week" on Sunday.

After only five months as the Republican governor, Haley's name had been circulating as a possible vice presidential candidate, and whispers have spread that she was positioning herself for a slot on the ballot.

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Haley's comments on Sunday confirm those made by her press secretary made to the Charleston Post and Courier on Friday that she would serve her four-year term.

"I plan on committing to the people of this state my full four years in office and I look forward to watching the 2012 and making sure those policy discussions are there and I also plan of making the people of South Carolina very proud," she said.

There's "no wiggle room at all, we are staying in South Carolina."

Haley also said on Sunday the federal government shouldn't raise the debt ceiling and Washington should "balance their budget like every other state in the country."

"We've got to get control of our spending, it is chaos in D.C. and they need to stop," she said.

Despite warnings by the Treasury Department and Federal Reserve over the dangers of defaulting on the debt -- the ceiling is $14.3 trillion and will need to be raised by Aug. 2 -- Haley said the "government is notorious for saying the sky if falling" and states have found ways to balance their budgets in tough times.